If a journal entry contains a debit to an asset account and a credit to a revenue
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Question:
If a journal entry contains a debit to an asset account and a credit to a revenue account, what type of adjusting journal entry has been prepared?
1: An unearned revenue
2: An accrued expense
3: An accrued revenue
4: A prepaid expense
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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